Toronto vs London: Home Prices and Housing Market Compared
In September 2026, the average home in the Greater Toronto Area sold for $1,006,409, 70% more than the $591,927 average in the City of London. Over the past year, the average price fell 5.1% in the Greater Toronto Area and 3.8% in the City of London. Both are buyer's markets (sales at 37.8% and 32.7% of new listings). On a home at the average price, a buyer pays $16,603 in the Greater Toronto Area ($33,206 in the City of Toronto) and $8,314 in the City of London.
In this comparison, Toronto is the Greater Toronto Area and London is the City of London, as the local boards report them.
Side by side
| Greater Toronto AreaSeptember 2026 | City of LondonSeptember 2026 | |
|---|---|---|
| Price | $1,006,409 average | $591,927 average |
| Yearly change in price | -5.1% | -3.8% |
| Homes sold | 5,040 (-9% yearly) | 381 (+8.9% yearly) |
| Detached / single-family | $1,292,016 | n/a |
| Condo / apartment | $605,257 | n/a |
| Days on market | 34 days | 33 days median |
| Market conditions | Buyer's market (37.8% sales to new listings, 12-month) | Buyer's market (32.7% sales to new listings) |
| Months of inventory | 4.6 12-month | 5.7 |
| Land transfer tax at that price | $16,603 ($33,206 in the City of Toronto) | $8,314 |
Latest month of each report. Prices are averages of all homes sold unless marked; conditions come from the sales-to-new-listings ratio (a buyer's market below 40%, a seller's above 60%), or for Greater Vancouver's region from sales to active listings (below 12% and above 20%). Land transfer tax is worked out on the price in the first row with the land transfer tax calculator, before any first-time buyer rebate.
Toronto vs London Housing Market: Quick Answers
Is Toronto more expensive than London?
Yes. In September 2026, the average home in the Greater Toronto Area sold for $1,006,409, 70% more than the $591,927 average in the City of London.
Are home prices going up in Toronto or London?
Over the past year, the average price fell 5.1% in the Greater Toronto Area and 3.8% in the City of London.
Is it easier to buy in Toronto or London?
Neither has the edge. Both are buyer's markets (sales at 37.8% and 32.7% of new listings).
Full reports and tools
- Greater Toronto Area housing market report
- City of London housing market report
- City vs City affordability comparison: what the same income buys in each city
- Land transfer tax calculator, with first-time buyer rebates
More comparisons
- Toronto vs Vancouver
- Toronto vs Calgary
- Vancouver vs Calgary
- Calgary vs Edmonton
- Toronto vs Montreal
- Montreal vs Quebec City
- Montreal vs Gatineau
- Quebec City vs Gatineau
- Toronto vs Ottawa
- Ottawa vs Montreal
- Ottawa vs Calgary
- Ottawa vs Vancouver
- Ottawa vs Edmonton
- Ottawa vs Winnipeg
- Ottawa vs Halifax
- Ottawa vs Kitchener-Waterloo
- Ottawa vs Hamilton
- Ottawa vs Gatineau
- London vs Kitchener-Waterloo
- London vs Hamilton
- Ottawa vs London
- London vs Montreal
- London vs Calgary
- London vs Vancouver
- London vs Edmonton
- London vs Winnipeg
- London vs Halifax
- Mississauga vs Brampton
- Markham vs Richmond Hill
- Oakville vs Burlington
- Kitchener vs Waterloo
- North Vancouver vs West Vancouver
- Hamilton vs Burlington
The statistics on this page belong to the Toronto Regional Real Estate Board (TRREB) and the London and St. Thomas Association of REALTORS® (LSTAR). You may quote them with credit and a link: see using our data.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.